Zhongjin Gold Board Approves Plan to Buy Tuoli Jinfu

(Corrects purchase amount.)

Zhongjin Gold Co. said its board of directors approved a plan to buy a 51 percent stake in Tuoli Jinfu Gold Mining Ltd., which owns an exploration right in Xinjiang region, for 109 million yuan ($17 million), the company said in a statement to the Shanghai Stock Exchange.

To contact the reporter on this story: William Bi in Beijing at wbi@bloomberg.net

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.